Rebels Edge · Tue, Jul 7, 2026
Wall Street Just Overreacted to AI
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John and Pete Nagarian argue that the semiconductor selloff attributed to DeepSeek's chip ambitions reflects profit-taking rather than evidence of a major competitive threat. They also discuss modest volatility, easing inflation expectations, coffee pricing, analyst optimism about Figma, and speculative opportunities in space-based data centers before closing with sports commentary.
- The hosts view DeepSeek-related selling as an overreaction, noting that it has not demonstrated superiority over established chipmakers.
- Large technology stocks' index weights help explain why semiconductor weakness pulls broader markets lower.
- They characterize the VIX near 16 as modest volatility rather than a sign of substantial market fear.
- Falling oil prices and Walmart rollbacks underpin their expectations for easing inflation; they also cite declining inflation expectations on Kalshi.
- They argue that a weather-related coffee supply shock could let Starbucks raise menu prices that remain elevated after input costs normalize.
- They discuss Bank of America's reported buy rating and $30 target for Figma, balancing enterprise growth against AI disruption concerns.
- They endorse bullish long-term arguments about SpaceX and speculate that terrestrial data-center constraints could support orbital infrastructure.
Full transcript
Welcome back to the Rebels Edge. Pete Nagarian and I are going to break down for you exactly why chip stocks were breaking down today. And it all comes back to China. We'll have the details for you in just a moment on today's Rebels Edge.
[music] >> [music] [laughter] >> Welcome back, folks. Yep. China.
>> We got a lot We got a lot of friends a lot of friends from New York who pronounce it China with an R. There's no >> an R at the end. [laughter] >> I mean, you know, you can't make this stuff up. You really can't. You know, you could put any letter at the end of China. It ends with an A, but you might
make it China. And [laughter] it's still funny whenever I hear him say it. Pete, >> it's ridiculous.
[laughter] >> Well, welcome back, folks. Uh, he is Pete Nagarian. I'm John Nagarian. We're going to break down uh some stories for you, uh, let you know what's going on with prediction markets, the VIX, uh, and then a little sports on today's Rebels Edge. So Pete, let's dive right
in and say, you know what, uh, it was this thing known as Deep Seek over in China, uh, that it's an AI startup and they're developing their own inference chips. Uh, and because of that, believe
it or not, not because, oh, they've beat the likes of uh, AMD or uh, Intel or Nvidia, the king of all chips. Nope.
They haven't done any of that, Pete. But just because there's one more competitor out there, all of a sudden, everybody goes, "Oh my gosh, I better take profits on my chip stocks. Oh my gosh." And we're going to talk about that, but that is why the chip stocks are down today.
And I think it's a ludicrous reason.
It's an excuse, not a reason to sell, Pete.
>> Yeah, I I I totally agree with you, John. I I wonder about this uh how much of a reaction the market's going to have to this side of things too for today.
How about this whole thing with the president and Walmart? I appreciate and love what Walmart is doing, right? What Walmart is doing for the people who don't know is, you know, they've lowered their prices. They're giving people a better opportunity. They're they're they're giving, you know, price cuts out there. They call it rollbacks, but um either way, it's it's really really
impressive what they've been doing to try to help people along, right? And and it's it's amazing. And the president, you know, gave him a good shout out. And you just kind of do have to wonder, are others going to do the same? And if so, um are they going to have to get a little push or are they going to do the same the same on their own? And I think
that, you know what, that's enough to maybe give the markets a little bit of a maybe a headwind. [laughter] So, we'll see. I don't think it's something that's going to affect the markets, you know, forever or anything like that, but I certainly think that uh there's a possibility out there that it could have a a pretty giant move uh you
know, from a macro perspective. We'll see. We'll see over time. But, you know, the more interesting thing that I know you and I both want to get to is this VIX because here we were, John, yesterday in the 15s and we we got all the way up to the mid16s. I mean, you know, that's fantastic. But yeah, a lot
of fear out there because of that. But here we are. We're in this range and you know, we can call it what you want to call it 15 and a half, 16 and a half.
Let's go with that. And that's that's essentially the range that we are in right now. and look where we were and look at where, you know, a lot of people started pulling their hair out and getting all uncomfortable. No reason to.
Um, and I think that uh it's interesting and of course today would be one of those days because of what's going on with, you know, some of the different names out there, the big names that are really big influencers of course are going to have an effect on how that's going to work in terms of volatility as well. So, a little bit higher, but it's
only a little bit higher. So interesting to see where it is right now.
>> Right. And Pete, to your point about both the VIX and um Walmart, um you know, uh I was on with Cuddlo this weekend and we were talking about uh inflation and so forth and he's looking for a negative CPI print.
>> Yeah. And so for all those folks that are ringing their hands and crying about, oh, inflationary pressures and this and that, you know, crude oil is part of almost everything we do from the ship that moves on the ocean to the
planes that fly to the trucks that haul with diesel to the cars that drive to the um material that's made from crude oil, refined product, and plastics.
and all the rest. Um, it's going to be dramatic how much it's down this coming month. And June was only a little part of that. Wait till you see the July readings, too. So, July, it'll be down as well as the June readings, of course, at least in my opinion, pretty
dramatically. Larry Cuddlo thought so, too. But I'll throw one out to you, Pete, before we get to um the prediction markets. Yeah. And that is I'll do a my own prediction. Starbucks.
>> So, coffee made the largest spike it's ever made today.
>> Wow.
>> Was up over 16% in one day. Why? Well, >> because of Trump. Because of the war in Iran? Nope. Because of rain?
>> Because too much rain down in Brazil caused the crops to only yield about 52% of what they normally yield. So, we all know the deal.
>> Supply, demand. If demand remains the same and supply goes down, prices go up.
>> Yeah.
>> And that's just what's happening here.
And by the way, Pete, the reason I'll tie it in with a stock like Starbucks, SBUX, but we could do it on Dutch Brothers or, you know, Duncan, any of the people that sell coffee. the prices will go up for your flop flip flop tote,
you know, whatever latte or whatever you're doing, whatever weird thing you're drinking other than just regular black coffee, which is what I drink. Um, all the prices are going to be going up for anything coffee bean related. Mhm.
>> And how much do you think they'll come back down, Pete, when uh other people step in and we start, you know, getting coffee from the continent of Africa more so than from South A South South America and so forth. Uh to fill in the gap. How much you think coffee prices will go
down after they raise them?
>> Zippo. [laughter] So, if you're somebody who's wondering why is Starbucks up today, it's because they now have an excuse to raise prices that will never ever come down ever.
>> We've seen that time and time again, John. We've seen that with Starbucks.
The price goes up, they they raise their prices, they don't ever bring them back down. They raise them again, they don't ever bring them back down. I mean, that's that's been going on for so many years, it's scary. And the fact that for God's sakes, these guys can't call that coffee anymore, can they?
>> No, it's not. It's not. And uh again, I can't even name the weirdo things that people call, you know, the double flip flop >> Yeah. Just I just go in and go, just give me a cup of black coffee. I know
it's going to taste burnt, but uh I just need some caffeine. All right, let's hit prediction markets uh that are up on Kelshi since my prediction isn't up on Kelshi yet. That prediction market, Pete, is that inflation may have peaked
in May, just as we were saying, just as Larry Cuddlo said, because energy prices are falling fast and Kelshi traders no longer think that we're going to be looking at 5% um CPI, consumer price index numbers.
We're going to be looking at maybe maybe 4.2 and probably less than that. Look at that. It's down nine points in just a day and a half and I think it's going to keep coming down. Pete, what do you say?
>> Yeah, I I agree with you, John. I mean, this is exactly what we were talking about. We were talking about all these various various things that are going on here, but you know, you look at the price of crude and it wasn't terribly long ago that we were at 110, you know, WTI and and where are we now? Well, we're under 70 or at 70 today, but
nonetheless, it's a monstrous drop. So, yeah, there there's a lot of things I think that are going to affect uh what's going on. But, um the above 4.2 after it's dropped down nine, that's that's pretty interesting. I would say it's very telling from Cali.
>> Yep. Yep. And people are putting their money where their mouth is there, folks.
So, those aren't just again the as I I don't know if it was famously, but as I said to Connell McShane, Pete, uh, the people that answer those surveys are idiots versus somebody that's putting their money where their mouth is on Kelshi. They could be idiots, too. But they're putting their money where their
mouth is. You don't just get to put up a number and say, "Yeah, click. I want it to be 20%." No. How much money do you want on it at that? And then based on the number of people and the number of dollars that are bet, they predict uh I think much more accurately than somebody
who's just sitting around at home, you know, in their underwear with a bunch of Cheetos all over their [laughter] their t-shirt keep going, "Uh, yeah, it's not so good." No, not so good.
>> You know, it's funny. We laugh about it, too, but that is the truth. You have to have a stake in it. You have to have something, right? and and you know these guys who just throw that out there, okay, that's great, but you just threw that out there. You have absolutely no skin in the game whatsoever. You took on no risk. These guys are taking on risk and they're they're using their brains
to actually make this kind of a call.
Doesn't mean they're going to be right, but at least they're putting something out there.
>> Yep. Well, let's talk about somebody else who's putting something out there.
Pete, we already talked about Deep Seek and whether or not, you know, a relative newcomer to the chip space is going to unseeded Nvidia, Broadcom, Micron, AMD, WDC, you know, not all of those are chip stocks. I understand, but when you're
talking about data centers, all of those play a part in that. And Deepseek, the fact that they're, oh, they're a big competitor out of China already. I'm sure a lot of companies, Pete, really want to run their AI through China. I'm sure they do. Um, not. So, instead, I'll
say when you're looking at why is the NASDAQ down as much as it is because of chip stocks? Yes. But here's the reason.
What is Nvidia? Ah, it's a $4 trillion market cap. How about Avago? Ah, it's a trillion dollar monster. What about Micron? Trillion dollars. AMD almost a trillion. It's about eight or nine00 mil. Okay. So, when you look at that and it's a capitalization weighted index.
That's why it's down.
>> Those big stocks are what's pushing so hard on the NASDAQ. It's not just people scared about China. It's okay. You take a little bit off the table in any of those names and you're going to see the rest of the market move lower with it. I can't imagine, Pete, the positive that you could get that would offset that,
can you?
>> No. And you're right, John. And I and I sit here, you know, it's interesting because we talk about these types of things all the time. We talk about the semiconductors. How about the socks itself? Had the best quarter ever.
It was a record quarter for the socks, the SOX, which is the semiconductor index. So, gives you a little bit of an idea. But on top of that, to your point, John, you've got some names out there that have unbelievable impact on these indices, right? So that's what we're seeing. And then there's been positives, of course, because of course we're
seeing record highs in a lot of the different indices over the last month or so. I mean, you know, you close your eyes and the next thing you know, it's the Dow. And and by the way, I thought this was kind of interesting. I saw this today, John, that JP Morgan actually has looked at the S&P and said, "You know what? We think this thing's actually they're they're finally getting a little
more positive. They think that the S&P could get up there at 7,800. So, it's interesting to see uh you know, people are starting to get a little bit more uh aggressive with things by the by the end of the year is what that number was, by the way. So, interesting to see this.
And, you know, today the Dow started off pretty good with the NASDAQ getting pulled down. Eventually, the NASDAQ's going to pull a little bit. NASDAQ stocks at least some of those kind of names are going to start pulling on the Dow a little bit. And that's exactly what we're seeing today. It's interesting though, uh, the VIX is still trading 16 and a half, John, or a little bit less than that right now as we
speak. So, yes, the markets are pulling back both sides. Um, well, all three, I should say, because the S&P is down about a half a percent as well. But with all that being said, look at that VIX.
It's it's moved. It's up four and a half% thereabouts. But 1630, that's that's not so bad, I would say.
>> Yeah. Well, what about Figma, Pete? FIG.
So, Figma um is a company that uh it turns out some of the other AI companies may have had a hand in uh taking things from Figma. In fact, one of them had a board member on the board of Figma. And all of a sudden, a lot of what Figma had
as its um some of us might say intellectual property got kind of uh usurped by other members of the AI community or at least one member in particular. And since I don't want to get sued, I probably won't name them right now. I'll just say alleged Pete.
How about that?
>> Yeah.
>> So, um they have uh fallen by about 85%.
Figma shares have uh from their 52- week high amid concerns that generative AI could disrupt the design layer and compress the value of this stock. But who steps into the fray? Well, Bank America said, "You know what?
>> We're putting the buy rating back on the stock. We're reststating it and we're putting a $30 price target on it." Now 30 is still not where this stock came from, Pete, but it's one of the stopping points on the way down as it was falling.
>> Well, and it's a pretty big lift even from where it is today. I mean, let's be honest. And it's come back a little bit.
Here it is trading what somewhere close to 23. And so, yeah, to give a 30 price target. Yep. But as things move along, maybe that price target starts to get raised again by the by the analyst.
It'll be pretty interesting to see how bullish they can get on this whole thing. They have strong enterprise growth, John. That's one of the things that's helped boost them a little bit, but you know, they've got some tailwinds here and there, but to your point, 85% 85% from the one-year high. That is significant and it's going to take some
time. And as a matter of fact, I would say it's going to take quite some time.
But nonetheless, that doesn't mean that this thing can't get back up to where it once was. and the possibility of at least getting a little closer to where it was um has gotten a little bit greater. And I think this Bank of America coverage really makes a lot of sense. You know, they they actually reinstated themselves into this position. So, interesting to see where
they are and uh with 30 and I would bet you if it starts getting a lot closer to 30, John, this thing is probably going to get raised up somewhere like 40 45 something like that. We'll see, but time will tell. Well, it was, folks, $143
a share, just shy of that on the 52- week high. So, it's 17th of that right now on today's rally.
>> So, if it's a$12 billion company right now, Pete, and you multiply that by seven, it was worth more than Cursor, which is what of course Elon Musk bought over at SpaceX. So, the fact that this one um is uh once again at least in the
sights of Bank America and probably others to come, I'd say keep an eye on FIG, my friends, because I don't think this one's done. Uh I think it's just kind of licking its wounds.
>> Yeah.
>> All right, Pete. GEV, you live by the sword, you die by the sword. And Pete's like, whoa, what do you mean by that? [laughter] Exactly. Well, what do these guys do?
Well, they're global electric power leader leader.
>> Um, and so since power's been something in huge demand, and we already know that data centers, Microsoft's getting them to restart ThreeMile Island Pete because, you know, they're they need power so badly for the data centers.
Well, so GEV uh decides, uh, hey, you know what? GE Bernova can step into this gap and really benefit from it and they have.
Take a look at that stock folks and where it's been over the past year and so forth. GEV is a monster. Um, but today [laughter] not so much.
>> No, but look at where it's come from, too. I mean, I think that's always important. It's why, you know, when we put up these these charts and and does a great job by by our our producer. Um, it's great to see it up there. Of course, there's going to be some pullbacks along the way. Nothing ever I mean, you know, even Nvidia of all types, you know, it it it had that great
run, but it's pulled back, right? I mean, so that those things happen and it happens to everybody, but it seems like the uh they're they're getting a pretty substantial pullback, which maybe creates the opportunity, John. I mean, that's the way I look at this thing. I mean, they're the the infrastructure and the delivery of major AI campuses that
they do. They're the prime supplier for this kind of energy and so forth. It's critical. It's at scale. It's the speed and all of that. And that's where GEV stands. And I think that that is a great spot to be on this pullback. You know, if it pullbacks enough, pulls back enough, this could get pretty
interesting, John. and and one of those things I'd love love love to see some unusual option activity jump into this name because it makes all the sense in the worlds if you're if you are a believer in this whole AI world this is one of those that absolutely is a part of it it's a lot like John quite frankly
I've talked about my favorite uh of all the AI AI stocks Caterpillar why is that well they're building the data centers I [laughter] you know you people forget about some of these other names that are out there. And why did Caterpillar basically go like this?
Well, that's why. And take a look at Caliber, uh, you know, even to the today. It's amazing how well that stock has played. And it's because they've got their own side of things, but then they've got this energy and power side of things that is AI side. That's all new for them. That's that's where the
huge growth is coming from right now from Caterpillar. So, you know what?
GEV, this is one of those names that pulls back too far, John. I think that it's one name that you want to keep a really close eye on.
>> Well, 52- week low, which was a year ago now, Pete >> was 511. The high was almost 1,200.
Where is it today? H it's at a,038 or something like that. So, is this story over? Nope. Not by a long stretch. So, again, this is one of those stocks. Put it on your watch list. make sure that um if this one gets to some critical level
and if you want to know where that level is, well, you should be a subscriber to market rebellion. Um and we'll tell you where we think that level is. But yeah, you could be in GEV and I think very richly rewarded again, just not today probably.
>> Phenomenal balance sheet by the way, John. Last thing that's then I'm I'm done. But I looked at the balance balance sheet just now. Unbelievable.
It's phenomenal. So yeah, this is one of those where at some point it needs to be bought. It It's probably not today.
>> Well, let's hit one that has been bought over and over again ever since it came public, Pete. Even though, of course, um the feeding frenzy and the fact that you couldn't borrow it for a few days and all that kind of stuff. And now you've got options which are yet another way
for people to basically play SpaceX. Um, but you do have SpaceX out there and uh it Yeah. Did it trade up over 200 224 a share or whatever the 52- week high is, Pete? And it's not been out there for even four weeks. [laughter]
But the 22564 is the high. It's a$ two trillion dollar monster. Well, actually 1.94 trillion right now, I guess. But yeah, what the heck? But who other than Morgan Stanley's Adam Jonas, he comes out,
Pete, and says, "You know what? I'll put my flag on this mountain and I'll say, uh, $300 target [laughter] and my bullcase $600.
>> That's the best part." And he says, "Yeah, I understand that'd be 8 trillion market cap." But he said, "When you look at where these guys are going to be, not just where they are right now," he says, "I think it's a steal at 150, 160 a share because he thinks it could double um in the not too distant future." Pete, what do you
think?
>> Yeah, it's interesting. I I like Adam a lot, John. I think he's done some great work over his career and had some great calls. And I I think this one's probably another one of those where you know what, everybody's kind of running away right now, right? I mean, this thing got up to two and a quarter, but then it's kind of pulled back. Here we are at the 150s and it seems like that's a spot
that it wants to stand. Um, but like if it's even close to the numbers that that Adam's putting out there, John, uh, he's talking about revenue of 319 billion by 2030 and 3.3 trillion by 2040. Now, 2040 is tough for me to even think about, but
but nonetheless, um, if you're somebody who has the the means and and the I I guess testosterone or whatever it might be to hold on to this thing, trying to clean it up a little bit. Yeah.
>> Um it that's an amazing thing that that where this stock could go too and it's it's incredible. So you know what with the demands that we know that are that are going to be out there and some of the strength that this thing brings and obviously Elon Musk enough said basically um I'm with Adam that there's
a possibility that this thing could be at those levels. I I didn't do the work that he's done and I know he does a very thorough job. So, I'm sure he's got some very good answers to why. But, um I I like what he's saying and the $600 part uh which is eight trillion like you said, that seems ridiculous, but you
know what? Not anymore. Look how many stocks are trillion dollar stocks right now. So, uh this one could be the next one to be at that next next level.
>> Yep. Despite the law of large numbers.
>> Yeah. Oh yeah, those idiots. If those guys could say that one more time, I Oh my god.
>> Well, how about this one, Pete? Um, there's a big Microsoft data center going into uh I think it's Wisconsin.
>> Um, not just in near Three Mile Island.
And people have already been complaining about the noise, >> um, the dust and everything else. And that's what construction projects are like. Those of us who have lived next to them know that. Um, but apparently people are complaining like crazy about this one. And it's going to be huge.
It's going to be a massive data center out there, but they draw a lot of power.
They're uh tough to get permitting for and all these things, which again feeds right into SpaceX because how many permits do they have to have for Elon to get them up into space, Pete? [laughter] Now, now granted, Russia or China, I guess, could fire something at it when
it's up there, a data center in space and so forth, but there's a lot of room up there despite the fact that um Elon says, and he filed February 26th, Pete, he filed for not another 10,000 satellites, which he already has up
there, but a million satellites. He filed for that. And when can he accomplish that? Uh I guess as soon as he can build enough Optimus robots to build it.
>> Yeah.
>> Um he can practically get them started up there. But those are going to be 247 power. You don't need to cool them. Um because it's 250 below zero up there and so forth. So uh free electricity. You know, it's that's where data centers are
going to be folks. and he's got the only means of getting enough stuff up there to make them. U because Blue Origin blew up its launchpad. That'll be a while before they haul anything into orbit for us.
>> Yeah. Yeah.
>> All right. Uh let's take a look at our favorite row row row your boat [laughter] team Norway and our new favorite player.
Take a look at this. Look at him going there, Pete. All you got to look at that 35 kilometers per hour. Unbelievable. I mean, the speed and the guy as big as he is, John. You know, we talked about this guy being very physical. You know, he looks thin. He is a little bit thinner, but but he's got You know what? He's got
size. He's got strength. He's >> Look at him go there. Holy crap.
>> I I swear to you, it looks like a track meet, doesn't it?
>> It looks like they speeded it up. I [laughter] mean, you know, the other guys are just getting lapped.
>> Yeah. This guy, >> they slowed down the other guys and sped him up is what they must have done. That had to be >> must have [laughter] got to be AI.
>> I'll tell you, he is a he's a freak show. He's fun to watch, man. I mean, that's where we're going, John. We're going to this whole FIFA thing. I mean, it's it's unbelievable just how good, how athletic a lot of these guys are, and it's it's pretty amazing. I got a question for you about this old guy.
Look at the guy. I got my question for you. Is this John? Has this been a success? The World Cup, has this been a success here in the United States and so forth, despite the fact that the US just got beat by Belgium?
>> It was bound to happen at some point, right? And it just happened to be in this game. They didn't play as well as they could have. They made a few mistakes along the way. And I don't pretend to be some big soccer guru at all, but you know, I can I can watch it and I can also, you know, hear what other people are telling me about. And you know, they lost a few goals there.
So, they lost four to one. Um, but they still had a nice run, but I also look at it from this perspective, John, the fans. I mean, people get nuts, right, when it when it comes to Super Bowls or college football, bowl games, you know, playoffs, all that kind of great stuff.
And NBA, NHL, all of that. But this FIFA thing, it's even a little bit more different. People go crazy over this this whole world of soccer. I think it's because it's, you know, even to this day, it's still more foreign, right? I mean, it it just is. That's where the eyeballs are. And, you know, when this
type of thing happens and we have it here in the US and we see some of the play that that a lot of people were happy to see, it's it's amazing. I I think it was a win. What do you think?
>> Huge win. Huge win, Pete. Yep. Have to agree. Um, you know, it it'll get a lot of young kids that'll end up becoming superstars in soccer excited about it just like it has every time there's a World Cup. Young young kids get excited
about it. And I I think to your point also, Pete, there are so many different sports in America. Do I think there are the same number of sports in Sweden? Uh, not really. I mean, if could this guy have been a great hockey player? It certainly seems like he could have been.
Yeah.
>> Um could he have been a great um volleyball player perhaps? Could he have been a great rugby player? Sure looks like it.
>> Yeah. From what he does. But um you know in the United States there are so many different uh opportunities for young athletes, men and women to do everything from field hockey to soccer to football
to baseball to um you know uh h uh regular hockey rather than field hockey.
I mean, so many different sports and again I think a lot of them look at what their classmates are doing. Um, and until the classmates are really as focused on things like soccer as they are on Friday night lights football in uh Texas, for instance, right?
>> Soccer doesn't have anything like that.
>> No. Um, but if we did, you'd see a lot more kids going from kids to the minors to the Premier League. And I know we've had people in the Premier League before, but they haven't been the superstars in the Premier League, but that could
happen. And I'm also going to say, Pete, from a TV standpoint, it was a a slam dunk. Yeah. I think the amount of viewing across the board was even bigger than they thought. And probably the gambling handle, which you and I had heard would be between 35 and 45 billion. It's probably going to be
bigger than that, too.
>> Yeah, I I agree with you, John. And I think it's it's something that at least for the moment, people get all all psyched up about this whole thing, right? And then they go back to their lives and all of a sudden it's back to well, the NFL the pretty soon these guys are going back to camp. You know, you got Major League Baseball, they got, you know, all the It's just one after the other after the other. All right, John,
what other one for just a real quickie just for fun. But the NFL, who do you think is going to be potentially the biggest surprise team this year? So, in other words, Seattle's probably a team people still like a lot even though they lost some players. I think, you know, you could go to the two LA teams and take your pick. Uh, you could do that
probably with quite a few other different teams. I'm gonna go with a really weird wild card for you, John.
How about this? Because it's in a crappy con part of the conference. I think that if you look at the New Orleans Saints, and nobody knows anything about him, but they got a quarterback down there, John, who's really pretty interesting kid.
He's older. He came out last year uh from Louisville. It was his first year.
Last year was his rookie year. He's like already like 26 years old. But Tyler Show, now this kid's 6'5, 220 pounds.
and when he got his opportunity to get in there with some good receivers. By the way, they took a first round wide receiver this year. So, they're getting him players and it's giving him the opportunity. They had a great win percentage in the last 10 games. Um, his passer rating was in the top 10 in the
last 10 games. I mean, the he really did come out when he had his opportunity.
And, you know, as big as he is, as controlled as he seems to be, he seems to be mature. I kind of like what I saw from this guy and so I'm going to say maybe the Saints are kind of one of these teams. Do I think they're going to the Super Bowl? Absolutely not. But could they be a playoff team? I I think they could be a playoff team. You know,
time will tell. We're a long ways from that right now. But I think they're doing a lot of really right things right now down there in New Orleans with free agency, with the draft, and having this guy as their quarterback this year. I think they could be kind of interesting down there in the NFC South.
>> Well, um I I don't disagree, but I'll tell you who's gonna beat them in the NFC South. The Falcons.
>> So, yeah, I'm going to take an NFC South team. You know, that division, Pete, is garbage.
I mean, you know, I I I love Baker Mayfield and I think the kid pushed the Tampa Bay Bucks about as far as you can push the Tampa Bay Bucks.
>> Um, I think the Falcons, you know, that league is the NFC South is what, uh, Carolina Panthers, Falcons, uh, New Orleans Saints, and the Bucks. I mean, you know, anybody could come out of it, but I think, you know, if Michael Pennix
uh does what he has done in college, and this is his second year, he's got more weapons and more experience. Um, I think this guy with a a young defense and so forth could surprise people. Just like you said about New Orleans, though, am I
calling for the Falcons and Mr. Blank's team to go to the Super Bowl. Sorry, Arthur. No, but I am thinking that they could make a run into the playoffs. Pete and nine or 10 wins. I think that's
within reach. They got a good off season uh both through the draft as well as through free agency. So, I'd be saying Falcons and New Orleans. Yeah. Panthers and Bucks. Nope. That's the way I feel about it.
>> I I think you're right. And I think that uh the one other side of the Atlanta side of things, John, is um they need a little bit more offense, but they had some injuries, right? I mean, they had, you know, some quarterback issues at at times during the year, and that's going to be a big penalty for anybody. I mean, you know, if you're losing your starting quarterback, even if you have a backup who's a former starter, it's just
different. you know, it's it's a different game and you usually are are and they they weren't. Their offense was the the weakness and their defense was their strength. So, if that offense can get off themselves and get started pretty nice, I like Atlanta as well, John. I think that especially we're talking about a conference where basically everybody's an eight won eight
games and lost nine. So, you know, that that's what they were last year, but Carolina got to the playoffs, you know, and that was great for them because who would have ever thought of that? So, yeah, I like both, you know, what what you and I are looking at, both Atlanta and New Orleans. So, they they could be playoff teams, but they ain't going to
be there very long. Another great show.
Thanks for joining us, everybody. Uh Pete and I will be traveling on Thursday out to Vegas for the Sackfest with Von Miller, Max Crosby, Lawrence Taylor, and Cam Jordan. They're the instructors, if you will, folks, sharing a lot of their
knowledge with a bunch of young players, and it's uh hats off to them for doing that. And it'll make the games more exciting for all of us. But then Pete and I are also out there for Freedom Fest. Yeah. Over at Caesar's Palace.
3,000 libertarian folks having a great time with a bunch of great speakers like Steve Forbes, um Adam Corolla, Nick Shirley, um Dean Kaine, Kelsey Grammar, I mean a ton of great speakers out there for that folks. And that's the 9th
through the 11th out in uh Vegas. And uh we might even stop by and see a couple friends, Dana White from the UFC, Pete and Mr.
Derek Stevens, he and his brother, they're awesome guys. They they owned the circa and they have absolutely crushed it out there. They do a phenomenal job and we can't wait to uh to join them and maybe uh maybe see a little UFC or whatever, you know, slap >> slapfest.
>> Yeah, >> slapfest Friday night and I think UFC Saturday with Conor McGregor.
>> Yeah, Conor McGregor. Great fighter.
Anyway, it's going to be a fabulous time. We appreciate all of you guys joining us. We will be back tomorrow though, Wednesday at 100 p.m. Eastern time. See you then.
Heat. Heat. N.
Transcript from the show's YouTube captions; automatic captions may contain errors. Educational content, not investment advice.